Bin Dawood Holding Company of Saudi Arabia completes the acquisition of 51% of “The Wonderful Bakery” Company.
Source: Asharq Al-Awsat
The story in brief
Bin Dawood Saudi Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the Emirati “Miracle Bakery” Company, with a total value of 114.8 million dirhams. The Saudi Bin Dawood Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the UAE company “Wonder Bakery”, with a total value of 114.8 million dirhams ($31.2 million), after completing the regulatory procedures related to the transfer of shares. The company said in a disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday that the financial consideration for the deal will be paid in accordance with what was agreed upon in the sale and purchase agreement, noting that the value of the deal was adjusted in accordance with the provisions of the agreement.
Detailed summary
Bin Dawood Saudi Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the Emirati “Miracle Bakery” Company, with a total value of 114.8 million dirhams. The Saudi Bin Dawood Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the UAE company “Wonder Bakery”, with a total value of 114.8 million dirhams ($31.2 million), after completing the regulatory procedures related to the transfer of shares. The company said in a disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday that the financial consideration for the deal will be paid in accordance with what was agreed upon in the sale and purchase agreement, noting that the value of the deal was adjusted in accordance with the provisions of the agreement. In December 2025, Bin Dawood Holding announced the signing of an agreement to acquire a 51 percent stake in Wonder Bakery, in a move aimed at supporting its expansion in the food sector and enhancing vertical integration in supply, production and distribution operations. According to the company, the deal falls within its strategy to enhance its capabilities in the food sector, by developing supply chains and supporting production capabilities, in addition to raising the efficiency of supply and distribution operations. Bin Dawood Holding said that the acquisition will support its efforts to enhance food security locally and regionally, in line with the goals of “Vision 2030”, and will also contribute to enhancing the stability and continuity of its operations in the long term. The company expected that the deal would have a positive financial impact on the company and its shareholders in the long term, in addition to its contribution to supporting food safety standards and maintaining the quality of products within its operations. Bin Dawood Holding continues to implement
Its strategy for growth and expansion in the food sector, with a focus on enhancing integration between its activities and building more efficient supply chains, supporting the growth of its business and creating sustainable value for shareholders.
Background & context
This story sits within Saudi Arabia's broader reform agenda and efforts to grow Capital Markets as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.
Key numbers & facts
- Bin Dawood Saudi Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the Emirati “Miracle Bakery” Company, with a total value of 114.8 million dirhams.
- The Saudi Bin Dawood Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the UAE company “Wonder Bakery”, with a total value of 114.8 million dirhams ($31.2 million), after completing the regulatory procedures related to the transfer of shares.
- Bin Dawood Saudi Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the Emirati “Miracle Bakery” Company, with a total value of 114.8 million dirhams.
- The Saudi Bin Dawood Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the UAE company “Wonder Bakery”, with a total value of 114.8 million dirhams ($31.2 million), after completing the regulatory procedures related to the transfer of shares.
Key points
- Bin Dawood Saudi Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the Emirati “Miracle Bakery” Company, with a total value of 114.8 million dirhams.
- The Saudi Bin Dawood Holding Company announced the completion of the procedures for its acquisition of 51 percent of the shares of the UAE company “Wonder Bakery”, with a total value of 114.8 million dirhams ($31.2 million), after completing the regulatory procedures related to the transfer of shares.
- The company said in a disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday that the financial consideration for the deal will be paid in accordance with what was agreed upon in the sale and purchase agreement, noting that the value of the deal was adjusted in accordance with the provisions of the agreement.
Why this matters
This matters because activity in Capital Markets shapes capital flows, hiring and investor sentiment across Saudi Arabia.
Economic & market impact
Potential impact: - Listed GCC equities and indices may see direct trading reaction.
GCC angle
For the rest of the GCC, this is a signal on the pace of activity in Capital Markets. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.
Risks & uncertainty
There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.
What happens next?
Watch for upcoming disclosures from listed names in Capital Markets, official macro releases for Saudi Arabia, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.
Sources used
This is an original Tharwa briefing based on the available source material. Read the full article from the publisher.
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